Viatris Inc Stock Forecast
Viatris Inc stock price ended at $11.94 on Thursday, after gaining 0.93%.
(Updated on Mar 28, 2024)
The Viatris Inc stock price gained 0.93% on the last trading day (Thursday, 28th Mar 2024), rising from $11.83 to $11.94. During the last trading day the stock fluctuated 2.04% from a day low at $11.78 to a day high of $12.02. The price has risen in 6 of the last 10 days and is up by 1.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $136.78 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.62 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.20% during the next 3 months and, with a 90% probability hold a price between $12.23 and $14.52 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VTRS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Viatris Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.29. On a fall, the stock will find some support from the short-term average at $11.85. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Viatris Inc stock
Viatris Inc finds support from accumulated volume at $11.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.240 (2.04%) between high and low. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: $11.33 (-5.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (VTRS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Viatris Inc to open at $11.91, and during the day (based on 14 day Average True Range), to move between $11.65 and $12.23, which gives a possible trading interval of +/-$0.295 (+/-2.47%) up or down from last closing price. If Viatris Inc takes out the full calculated possible swing range there will be an estimated 4.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.87 (0.59%) than the resistance at $12.07 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Viatris Inc stock A Buy?
Viatris Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.265 Hold/Accumulate Unchanged
Predicted Opening Price for Viatris Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$11.91 ( 0.251%) | $11.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTRS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.15 | 1.76 % | |
R2 | 12.06 | 0.99 % | ||
R1 | 12.00 | 0.517 % | ||
Current price: | 11.94 | |||
Support | S1 | 11.82 | -1.02 % | |
S2 | 11.76 | -1.49 % | ||
S3 | 11.67 | -2.26 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.29 | 2.93 % | |
R2 | 12.10 | 1.34 % | ||
R1 | 12.07 | 1.09 % | ||
Current price | 11.94 | |||
Support | S1 | 11.87 | -0.586% | |
S2 | 11.77 | -1.42% | ||
S3 | 11.68 | -2.18% |
VTRS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 26, 2024 | Mar 08, 2024 | Mar 18, 2024 | $0.120 | 1.02% |
2 | Nov 06, 2023 | Nov 22, 2023 | Dec 15, 2023 | $0.120 | 1.17% |
3 | Aug 04, 2023 | Aug 23, 2023 | Sep 15, 2023 | $0.120 | 1.23% |
4 | May 05, 2023 | May 23, 2023 | Jun 16, 2023 | $0.120 | 1.17% |
5 | Feb 24, 2023 | Mar 08, 2023 | Mar 17, 2023 | $0.120 | 1.27% |
FAQ
Click here for our free guide on how to buy Viatris Inc Stock.